Tientsin, June 20.
A telegram reporting the rei nation of Marshal Feng hsiang, published in the "Yung Pao" to-day, is causing considerable pecul: in local circles.—Reute ing. the period raising euch huge expenditures, hen he was for military Sub-Committees at Work To-day's meeting was prcliminary to business meetings which will commence next Tuesday, the meantime, a number of committees have been appointed which will meet every day and which will be expected to formulate resolutions to be passed by the business meet ings next week. These resolution?, when passed, will be taken before a conference of officials of the Ministry of Finance and provincial financial commissioners which wi meet in Nanking a fortnight hence and who will deal with these "uc tions from the standpoint of wicials actually engaged in carrying out the financial administration of the country.
The present conference will forsulate recommendations; the official conference will plan the administra tion of the recommendations. They will also be required definitely 20 determine the relationship between ud Provincial finance, to national and provincial programme will ed to. the Nationali Government for approval, The ultimate objective, which it is hoped these conferences will achieve, isa national budget and a general
Jot revenue which can be applied system of favation and espenitre throughout the cox 3 "The list of committees as pro-ied! by the Kuo Bin News Agency follows Currency Commitee—2r. Chen Hang Cheng Jui-chia,
Text read from the printed page and cleaned; old type leaves the occasional error.